SharpLink Reports Total ETH Holdings Rise to 859,853 as of October 19, 2025; Total ETH and Cash Holdings of $3.5 Billion

Core Insights - SharpLink Gaming, Inc. has significantly increased its Ether (ETH) holdings to 859,853 as of October 19, 2025, demonstrating a strong commitment to enhancing its balance sheet through ETH accumulation [1][7] - The company successfully raised $76.5 million in gross proceeds on October 17, 2025, executed at a premium to net asset value (NAV), allowing for the acquisition of ETH at lower prices shortly after the capital raise [2][4] Weekly ETH and Capital Summary - Beginning ETH balance was 840,100, with 19,300 ETH acquired and staking rewards of 500 ETH, resulting in an ending balance of 859,900 ETH [4] - The average purchase price for ETH was $3,892, and the ETH concentration metric increased to 4.0, reflecting a 100% increase since June 2, 2025 [4][7] - The company issued 4.5 million shares as part of the capital raise, contributing to the gross proceeds of $76.5 million [4] Staking and Performance Metrics - Total staking rewards since the launch of the treasury strategy on June 2, 2025, have reached 5,671 ETH, with 2,237 native staking rewards and 3,434 as-if redeemed LsETH staking rewards [5][7] - The ETH concentration metric is calculated by dividing the total ETH held by the number of assumed diluted shares outstanding, providing transparency into the company's yield performance [6]